All About East Geelong, Greater Geelong, VIC, 3219

The housing market in East Geelong, located within the Greater Geelong region of Victoria, has experienced notable activity in recent years, reflecting broader trends in the Australian property market. With its proximity to Geelong's city center and a generally more relaxed ambience than Melbourne, East Geelong has become an attractive destination for both investors and prospective homeowners. The area offers a range of housing options, from charming period homes to more contemporary builds, catering to diverse buyer preferences. Property prices, while lower than those in Melbourne, have been on a steady rise, indicative of East Geelong’s growing appeal. The suburb's real estate market is also buoyed by its accessibility to quality schools, parks, and local amenities, making it an ideal location for families and professionals seeking a balance between urban convenience and suburban tranquility.

Living in East Geelong provides residents with a blend of community spirit and a high standard of living. The suburb is renowned for its tree-lined streets, parks, and the notable Eastern Gardens, which offer picturesque spaces for recreation and relaxation. East Geelong fosters a strong sense of community, with local events and markets enhancing its neighborhood charm. Its location provides easy access to the cultural and economic opportunities of Geelong’s central business district, while still maintaining the serenity and appeal of suburban life. Residents can enjoy an array of dining, shopping, and recreational options, along with efficient public transport links, which contribute to a convenient and enriched lifestyle. Whether for families, young professionals, or retirees, living in East Geelong offers a satisfying and balanced way of life.

East Geelong Real Estate Market Outlook

Thinking about buying in East Geelong? Now could not be a better time, with 2197 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,026,000 with prices in this suburb ranging from $265,000 to $2,548,000. East Geelong is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in East Geelong are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in East Geelong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in East Geelong requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in East Geelong we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Geelong a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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